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A production manager at a pottery factory has noticed that about 70 percent of defects result from impurities in raw materials, 15 percent result from human error, 10 percent from machine malfunctions, and 5 percent from a variety of other causes. This manager is most likely using
z
In statistics, often refers to a z-score, which measures the number of standard deviations a data point is from the mean of a distribution.
Standard Normal Random Variable
A random variable with a mean of zero and a standard deviation of one, following a normal distribution.
Probability
A numeric scale between 0 and 1 that quantifies how likely an event is to take place.
z
In statistics, 'z' typically refers to a z-score, a measure of how many standard deviations an element is from the mean.
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